Past Events: • USD Federal Budget Balance out at -220.9B versus expected -207.5B, prior -42.6B• USD Crude Oil Inventories out at 1.4M, versus expected 1.9M, prior 4.1M• GBP Manufacturing Production m/m out at -0.9%, versus expected 0.3%,...
Following yesterday’s bearish downturn for the U.S. Dollar, the greenback will try and recover some of its losses with the help of several critical economic indicators today. Both the U.S. Trade Balance Report and this week’s unemployment...
EUR/USD Open 1.3645 High 1.3677 Low 1.3548 Close 1.3653On Wednesday the European currency showed a sign of recovery although Germany’s Trade balance slumped to 8.7 comparing to the 16.4 bln expectation. The Euro/Dollar depreciated down to 1.3541,...
Market Review – 10/03/2010 22:51GMT Euro rebounds on improved risk appetite and Greece’s plan to cut deficit The single currency rebounded strongly on Wednesday after Greece submitted a report to EU on its plans to tame its...
USD/JPY Open 90.02 High 90.62 Low 89.62 Close 89.95After some hesitant trading on Monday, yesterday Dollar/Yen traded with a decrease from 90.30 down to 89.62, closing the day at 89.95. From that point the currency couple started...
ForexPros Daily Analysis March 10, 2010 Free webinar on ForexPros – Using Chart Patterns to Recognize Trends in theMarket Expert: Anthony CherniawskiWhen: Mon, Mar 15, 2010, 11:00 EST This session will discuss the proprietary cycles studies with...
Overview: This situation is similar with the euro. The price, having not completed the planned targets, began to move in sideways direction again. We see, as the price moves in the sideways channel, which is clearly signaled...
Market Notes: Sterling continues to be the weakest kid on the block due to the weight of weak data.Chinese exports showed a 45.7% annual increase this morning while imports grew 44.7%, adding fuel to the global recovery...
GBP/USD Open 1.5013 High 1.5196 Low 1.4975 Close 1.4995Pound/Dollar slipped bellow 1.5 on Tuesday on Goods trade data. The Cable dropped down to to 1.4938, from where it corrected up to 1.5015, closing the day at 1.4995....
Investors raised their appetite for riskier assets during yesterday’s trading, but still avoided European and British currencies because of debt worries. The big gainers yesterday were the AUD and CAD, both currencies are linked to commodities, in...
